Tuesday, 17 October 2017

Category: Finance

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Ecobank to close nine branches in Kenya by April 2017

Ecobank to close nine branches in Kenya by April 2017

Pan-African lender Ecobank will be closing nearly a third of its branches by end of April next year as it seeks to push business through digital channels. Ecobank said the downsca ...

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Ecobank secures $310 million AfDB trade finance support

Ecobank secures $310 million AfDB trade finance support

The African Development Bank (AfDB) has approved a $310 million trade finance loan for Ecobank Transnational Incorporated, parent company of the Ecobank Group. AfDB said the facil ...

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Dollar starts the week on a low note, global markets shrink

Dollar starts the week on a low note, global markets shrink

The dollar began the week on the back foot on Monday as a spell of risk aversion underpinned the yen, though losses were limited as the US currency reaped some support on renewed ...

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Nigeria gains from currency devaluation

Nigeria gains from currency devaluation

More than two months after Nigeria allowed its currency to devalue, the country is starting to reap some dividends. In the past two weeks, Exotix Partners and Standard Bank Group ...

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Tigo Pesa customers pocket $2 in profit share

Tigo Pesa customers pocket $2 in profit share

Tanzania’s leading digital lifestyle company, Tigo has announced another quarterly payment of Tshs 5.6 billion (US$ 2,570,120) to Tigo Pesa users, the ninth time in a row that the ...

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Djibouti joins Africa Finance Corporation

Djibouti joins Africa Finance Corporation

Djibouti has become the newest member of Africa Finance Corporation (AFC), an international investment grade multilateral finance institution investing in key infrastructure proje ...

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Explainer: Nigeria’s move from a fixed to a floating exchange-rate policy

Explainer: Nigeria’s move from a fixed to a floating exchange-rate policy

Africa’s largest economy has finally floated its fixed currency exchange rate for the first time in history. The freeing of the Nigerian naira after months of policy debates saw t ...

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Zambia conservation farming gets £25m boost

Zambia conservation farming gets £25m boost

The UK Government, through the Department for International Development (DFID), is to work with the Conservation Farming Unit (CFU) to support rural Zambia conservation farming fa ...

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China to fund DRC power plant

China to fund DRC power plant

China's Sinohydro and China Railway Group will finance a $660 million hydroelectric plant in southeastern Democratic Republic of Congo which is being built to reduce the copper-mi ...

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Why it’s appropriate that South Africans rally behind their finance minister

Why it’s appropriate that South Africans rally behind their finance minister

Jannie Rossouw, University of the Witwatersrand Advocate Shaun Abrahams, South Africa’s National Director of Public Prosecutions, has stepped into some torrid waters. At a recent ...

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